Iran Turns to Digital Assets Amid US Sanctions
The Iranian government has relaxed its foreign-exchange controls in response to US sanctions, allowing businesses to use digital assets for overseas trade.
The move gives companies more flexibility to settle transactions through domestic crypto exchanges using Bitcoin and Tether's USDT instead of official currency channels.
According to The Financial Times, Iranian officials have been pushing companies to return overseas earnings through several approved routes, including settling transactions through domestic digital-asset platforms using Bitcoin and USDT.
The policy eases earlier requirements governing how exporters repatriated foreign currency, which had pushed some earnings outside Iran due to official exchange rates reducing exporters' returns.